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Dairy Foundation of Virginia INC

Tax-deductible

Bridgewater, VA501(c)(3)Since 1960EIN 54-6052452Revenue $49K in FY2025

On file with the IRSPo Box 29, 22812-0029 · Bridgewater, VATax-exempt since Dec 1963Publicly supported charity — 170(b)(1)(A)(vi)

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To provide scholarship grants to Virginia polytechnic institute and state university.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $12K a year · 27% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Fine: 0.8 months of spending in cash, plus $675K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$63K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$49K
+0.8% vs prior year
Spent
$25K
To programs
68%
Net assets
$613K
By yearFY2020–FY2025
Revenue
$49K
FY2025▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$12K
FY2021$42K
FY2022$53K
FY2023$57K
FY2024$48K
FY2025$49K
Expenses
$25K
FY2025▼ -23%
Tap a bar for its year
Expenses by fiscal year
FY2020$20K
FY2021$38K
FY2022$37K
FY2023$38K
FY2024$33K
FY2025$25K
Net assets
$613K
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$462K
FY2021$509K
FY2022$434K
FY2023$475K
FY2024$535K
FY2025$613K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1963.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $17K Management & general 32% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Rebecca Daubert
First Vice President
$0Pt VII · Sec A
Kevin Phillips
Second Vice President
$0Pt VII · Sec A
Paula Craun
Director
$0Pt VII · Sec A
Rena Johnson
Director
$0Pt VII · Sec A
Eric Paulson
Secretary/Treasurer
$0Pt VII · Sec A
See Dairy Foundation of Virginia INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports dairy students and organizations at Virginia Tech through scholarships and aid.

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Provided by the organization

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1 program · $17K · in their own filed words · FY2025
01

Scholarship funding, awards, and other support of virginia polytechnic institute and state university.

$17Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
The Virginia State Dairymens AssociationFY2025$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 3 grants · $62K · 2023–2025
Unitemized GrantFY2025$13,250
Unitemized GrantFY2024$22,100
Unitemized GrantFY2023$26,450

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$49K
Ln 12
Gifts and grantsLn 1h$29K
Investment incomeLn 3$20K
Money outPt IX
$25K
Ln 25
Programscol B$17K
Managementcol C$8K
Owns and owesPt X
$613K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$677K
LiabilitiesLn 26$63K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Investment incomeLn 3$20K
Gains on assetsLn 7$6K
Total revenueLn 12$49K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$675K
Total assetsLn 16$677K
LiabilitiesLn 26$63K
Net assetsLn 32$613K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3K$2K
InvestmentsLn 11–13$591K$675K
Total assetsLn 16$594K$677K
LiabilitiesLn 26$60K$63K
Net assetsLn 32$535K$613K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$13K$13K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$4K$4K
InsuranceLn 23$558$558
Other expenses (24a–d)Ln 24$26$26
Total functional expensesLn 25$25K$17K$8K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $49K$25K$23K$613K 990 PDF
FY2024 $48K$33K$15K$535K 990 PDF
FY2023 $57K$38K$20K$475K 990 PDF
FY2022 $53K$37K$15K$434K 990 PDF
FY2021 $42K$38K$5K$509K 990 PDF
FY2020 $12K$20K−$8K$462K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $48,811 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $26,506$28,578
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $21,921$20,233
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $48,427$48,811
I-13 Grants and similar amounts paidPrior year $22,100$13,250
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,035$12,173
I-18 Total expensesPrior year $33,135$25,423
I-19 Revenue less expensesPrior year $15,292$23,388
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $48,811 across 6 lines filed
VIII-1d Related organizations$14,578
VIII-1f All other contributions, gifts and grants$14,000
VIII-1h Total contributions, gifts and grants$28,578
VIII-3 Investment incomeExcluded from tax $14,546$14,546
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,687$5,687
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,233$48,811
Part IX · Statement of functional expenses $25,423 across 5 lines filed
IX-2 Grants to domestic individualsPrograms $13,250$13,250
IX-11c Accounting feesManagement $7,600$7,600
IX-11f Investment management feesPrograms $3,989$3,989
IX-23 InsuranceManagement $558$558
IX-24 Other expenses (24a–d)Management $26$26
IX-25 Total functional expensesPrograms $17,239 · Management $8,184 · Fundraising $0$25,423
Part X · Balance sheet $676,808 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,134$1,779
X-11 Publicly traded securitiesStart of year $590,999$675,029
X-16 Total assetsStart of year $594,133$676,808
X-25 Other liabilitiesStart of year $59,619$63,406
X-26 Total liabilitiesStart of year $59,619$63,406
X-27 Net assets without donor restrictionsStart of year $183,545$215,431
X-28 Net assets with donor restrictionsStart of year $350,969$397,971
X-32 Total net assets or fund balancesStart of year $534,514$613,402
X-33 Total liabilities and net assetsStart of year $594,133$676,808
Part XI · Reconciliation of net assets $613,402 net assets at year end
XI-1 Total revenue$48,811
XI-2 Total expenses$25,423
XI-3 Revenue less expenses$23,388
XI-4 Net assets at start of year$534,514
XI-5 Net unrealized gains (losses) on investments$55,500
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$613,402

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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